22 Jul '13, 7pm

Coupa Cafe in Palo Alto Now Accepting Bitcoin - NBC Bay Area

Coupa Cafe in Palo Alto Now Accepting Bitcoin - NBC Bay Area

advertisement Cash, credit, or Bitcoin? A Palo Alto cafe is adopting a new payment method. Within the past several weeks, Coupa Cafe in Palo Alto became one of the only brick-and-mortar businesses in the Bay Area -- and in the world -- to start accepting Bitcoin, an online, unregulated open-source currency. Let's say you want to buy a medium latte: you'll see the price in dollars, around $3 or $4, and the price in Bitcoin, .048 BC, which might not seem like a lot, but consider that one Bitcoin is currently trading at roughly $90. That Bitcoin amount can change on a daily basis as the currency rate fluctuates. The transaction takes as much time as a credit card. “A lot of people have Bitcoins, but they don’t have a place to send it,” said Jean Paul Coupal, who owns the cafe with his mother and sister. “Now they can come and buy a cup of coffee with it.” It’s fitting Coupa C...

Full article: http://www.nbcbayarea.com/news/tech/Coupa-Cafe-in-Palo-Al...

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